Metalex Ventures (MTX-V)
www.metalexventures.com
66.4 million o/s
$12.5 million (as of July 31, 2012)
Key people
Dr. Charles Fipke – Executive Chairman
Mr Fipke received an honours degree in Geology from the University of British Columbia in 1970 and was awarded an honourary Doctorate of Technology from Okanagan University College. He worked as an exploration and research geologist for Kennicott Copper in New Guinea, Samedan Minerals in Australia, Johannesburg Consolidated Investments ("JCI"), in South Africa and Cominco in Canada and Brazil. In 1977 he founded CF Mineral Research, which is amongst the leading heavy mineral and diamond exploration research laboratories in the world. For the past 25 years he has been involved in heavy mineral exploration projects for diamonds as well as base and precious metals worldwide. In 1984 he founded Dia-Met Minerals Ltd. and Cantex Mine Development Corporation in 1996. As Chairman of both companies, he has led his teams using his patented and proprietary heavy mineral technologies to discover the Ekati Diamond Mine in the Northwest Territories as well as three large copper-nickel-platinum deposits and two significant gold deposits in Yemen. He has been the author and co-author of several publications on diamond exploration worldwide including the first publication on Diamond Exploration published by the Geological Survey of Canada.
Chad Ulansky B.Sc. – President and CEO
Mr. Ulansky commenced his career 17 years ago working for Dia Met Minerals Ltd. on the project which yielded the Ekati diamond mine. Since then Mr. Ulansky has led exploration programs in over 15 countries on four continents and is currently president of Cantex Mine Development Corp. Mr. Ulansky is also a graduate of the University of Cape Town.
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Metalex Ventures continues preparing for U2 bulk sample
Dec 7, 2012 - News Release
Preparatory work continues for the upcoming 10,000-ton bulk sample of the U2 kimberlite. Sepro Mineral Systems Corp., from Langley, B.C., has been chosen as the supplier of the processing plant which is to be utilized on site. Sepro has commenced construction of this 20-ton-per-hour plant and it is expected to be ready in time for the upcoming winter road season.
Geological and geotechnical logging is under way on 25 pilot holes drilled at U2. This work is being undertaken under the direction of Dr. Barbara Scott-Smith, a world-renowned kimberlite petrologist. Geologist Sonya Nielson discovered an embedded diamond in the core while logging. This logging program will aid in the planning of the bulk sample and interpretation of the bulk sample results.
The final comprehensive agreement with the Dundee Corp. group which contemplates Dundee financing $51-million to earn a 51-per-cent interest in the U2 project is nearing completion.
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Quote from John Kaiser about U2 kimberlite. It is a deep low grade system. I'd rather wait until we get the results, which, given Fipke's track record, could be a very long time, and then in an incomprehensible format. |
